Real Estate

According to a breakdown by ZIP code, the majority of National Flood Insurance Program policyholders in East Baton Rouge Parish, more than 50%, will see their rates decrease, probably by just a few dollars per month.

Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year.

Global investment firm Kohlberg Kravis Roberts and Company bought The Homewood Suites by Hilton at the corner of Corporate Boulevard and CitiPlace Court for $12.9 million on Wednesday. 

The new rates will be a big consideration for buyers and could have ripple effects on the tight housing markets, says Christi Adams, a real estate agent with RE/MAX. 

A California-based company bought The Tapestry at Long Farm apartment complex on Antioch Road for $61 million on Wednesday.

The median cost of renting an apartment in Baton Rouge went up 1% from August to September and was up 9.7% year-over-year, according to estimates Apartment List made public today.

Baton Rouge-based Dyke Nelson Architecture received the highest-level award from the American Institute of Architects Louisiana chapter for its design of the DNA Workshop on the corner of Government and 14th streets, according to an AIA announcement.

A warehouse at 11777 Industriplex Blvd. was sold to local investors for $1.7 million in a deal that closed Monday.

The Mid City Shopping Center, at the corner of North Foster Drive and Greenwell Springs Road, was sold for $3.65 million in a deal filed Monday.

Officials and consultants with the Louisiana Department of Transportation and Development have identified 17 potential sites for a new Mississippi River Bridge in the Greater Baton Rouge Area.